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  "documentTitle": "Huntsman Corporation (HUN)",
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      "text": "Comments From Management Regarding Profit Improvement Opportunity at Textile Effects",
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      "text": "The Company believed that it would nearly double Adjusted EBITDA in the Textile Effects business and raise Adjusted EBITDA margins into the mid-teens.",
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      "text": "Following the acquisition, the Company repeatedly expressed confidence that it would significantly improve the profitability of Textile Effects over a two year time period.",
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      "text": "“We are doing the very same thing in textile effects where over the next two years, we're going to spend $150 million and take an EBITDA that is roughly $80 million and we're going to take it to $150 million of EBITDA.” Kimo Esplin, CFO, March 2007",
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      "text": "“...our textile effects business continues to make good progress on the restructuring program that we kicked off this last year. Our goal is to capture $75 million in cost savings and drive EBITDA margins to the mid-teens. In fact SG&A and R&D costs in the textile effects declined by almost $9 million or 17% as compared to second quarter levels.” Peter Huntsman, President & CEO, July 2007",
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      "text": "“...we announced the acquisition of Ciba's textile effects business. This was an acquisition of roughly $255 million with an $88 million LTM EBITDA. It is our objective over the course of the next two years to invest about $100 million into that textile effects business, and we believe we can get that EBITDA up to about 15%, 16% of sales; increase that EBITDA from its present rate of about $90 million run rate, upwards of about $150 million run rate.” Peter Huntsman, President & CEO, September 2006",
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      "text": "\"...we announced the acquisition of Ciba's textile effects business. This was an acquisition of roughly $255 million with an $88 million LTM EBITDA. It is our objective over the course of the next two years to invest about $100 million into that textile effects business, and we believe we can get that EBITDA up to about 15%, 16% of sales; increase that EBITDA from its present rate of about $90 million run rate, upwards of about $150 million run rate.\" — Peter Huntsman, President & CEO, September 2006; \"We are doing the very same thing in textile effects where over the next two years, we're going to spend $150 million and take an EBITDA that is roughly $80 million and we're going to take it to $150 million of EBITDA.\" — Kimo Esplin, CFO, March 2007; \"...our textile effects business continues to make good progress on the restructuring program that we kicked off this last year. Our goal is to capture $75 million in cost savings and drive EBITDA margins to the mid-teens. In fact SG&A and R&D costs in the textile effects declined by almost $9 million or 17% as compared to second quarter levels.\" — Peter Huntsman, President & CEO, July 2007",
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      "text": "Source: Public company filings and transcripts.",
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      "kind": "title",
      "text": "The Company Believed Profitability of Its Textile Effects Business Would Be Meaningfully Improved",
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